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HR 4873 111th Congress House Taxation Business investment and capital Food industry and services Income tax deductions

To exempt the natural aging process in the determination of the production period for distilled spirits under section 263A of the Internal Revenue Code of 1986.

Introduced: March 17, 2010 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2010
Referred to the House Committee on Ways and Means.
Mar 17, 2010
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to exclude from determination of the production period for distilled spirits any period allocated to the natural aging process for purposes of determining whether a taxpayer can expense, rather than capitalize, interest costs paid or incurred during the production period.

What's happening now March 17, 2010

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2